The Dynamic Pivot indicator for Metatrader 4 provides currency traders with dynamic pivot points along with support and resistance levels.
The indicator appears in the main MT4 chart window.
Dynamic Pivot is a pure price action indicator and can be used in multiple ways.
Trade Example
- Initiate a buy trade if price closes above the dynamic pivot point.
- Initiate a sell trade if price closes below the dynamic pivot point.
The Dynamic Pivot indicator can be used for both trade entry and exit, or as an additional confirmation filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “dyn-pivot-indicator.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The example chart below displays the Dynamic Pivot mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy to trade with the Dynamic Pivot Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Pivot point
Does the indicator repaint? No.
Dynamic Pivot + Zero Lag Stochastic MT4 Strategy
Introduction
This MT4 strategy combines the Dynamic Pivot Forex Indicator with the Zero Lag Stochastic Indicator.
Dynamic Pivot levels provide real-time support and resistance, while Zero Lag Stochastic gives timely overbought/oversold signals.
The system works best on M5–M30 charts for intraday trades and H1 for swing trades.
It is suitable for traders looking for clear numerical entry, stop, and target levels.
Buy Entry Rules
- Price must be above the central Dynamic Pivot line, confirming bullish bias.
- Zero Lag Stochastic crosses above the 20 level, confirming upward momentum.
- Enter long at the close of the confirming candle.
- Stop Loss: 15–20 pips below the nearest Dynamic Pivot support level.
- Take Profit: 30–40 pips above entry or next Dynamic Pivot resistance.
- Risk-to-reward ratio should be at least 1:2.
Sell Entry Rules
- Price must be below the central Dynamic Pivot line, confirming bearish bias.
- Zero Lag Stochastic crosses below the 80 level, confirming downward momentum.
- Enter short at the close of the confirming candle.
- Stop Loss: 15–20 pips above the nearest Dynamic Pivot resistance level.
- Take Profit: 30–40 pips below entry or next Dynamic Pivot support.
- Risk-to-reward ratio should be at least 1:2.
Advantages
- Clear numeric stop and take profit levels for disciplined trading.
- Zero Lag Stochastic reduces lag, providing faster trade confirmations.
- Dynamic Pivot adjusts to daily volatility, offering relevant support/resistance.
- Suitable for short-term intraday trades as well as H1 swing setups.
Drawbacks
- False signals may occur in low volatility ranges.
- Requires careful adjustment of stop and take profit distances per currency pair.
- Not ideal for sudden high-impact news without extra caution.
Example Case Studies
Case Study 1 — EUR/USD 5m
Price was at 1.1050 above the central Dynamic Pivot line. Zero Lag Stochastic crossed above 20.
A long trade was opened at 1.1052. Stop loss was set at 1.1035 (17 pips), take profit at 1.1082 (30 pips).
The trade reached the target within 45 minutes, achieving 1.76 R.
Case Study 2 — GBP/JPY 15m
Price was at 153.50 below the central Dynamic Pivot line. Zero Lag Stochastic crossed below 80.
A short trade was entered at 153.48. Stop loss was placed at 153.65 (17 pips), take profit at 153.10 (38 pips).
The trade captured 38 pips within 2 hours, achieving ~2.2 R.
Strategy Tips
- Use multiple timeframes to confirm trend direction (H1 trend aligns with M5–M15 entries).
- Adjust stop loss distance according to currency volatility (e.g., GBP/JPY may need 20–25 pips on M15).
- Only trade during active market hours for stronger pivot reactions.
- Keep risk per trade under 2% of account equity.
- Consider scaling out partially at the first target and trailing stop for maximum gain.
By combining Dynamic Pivot and Zero Lag Stochastic, this MT4 strategy offers precise, numeric entries, stop losses, and take profits for disciplined trading.
Backtest and demo it before going live to ensure consistency across pairs.
Download Now
Download the “dyn-pivot-indicator.mq4” indicator for Metatrader 4
